The Globe and Mail reports in its Thursday, Jan. 17, edition that federal legislation overhauling the regulation of Canada's energy industry could spell the end of any move by first nations to buy an ownership interest in the Trans Mountain pipeline project, says an Alberta first nations chief who has been a vocal supporter of oil and gas development.
The Globe's Justin Giovannetti writes that leaders from the 130 bands that are part of the Indian Resource Council (IRC) met Wednesday to discuss buying into the pipeline.
Dozens of chiefs from Alberta and British Columbia have expressed interest in the project at a time of increasing division among indigenous groups across Western Canada over large-scale energy projects. Buying the pipeline, in part or in whole, would be a significant undertaking. No new details emerged from the chiefs on Wednesday as they traded concepts about how to finance an idea that is still in its infancy.
Roy Fox, the chief of Southern Alberta's Blood Tribe, said at the meeting his community would not invest in the federally owned pipeline if two bills being debated in Ottawa are not amended quickly. Mr. Fox says: "As it stands now, we would not invest. If it was a sure thing, maybe."
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